Forward Industries (FWDI) awards CFO 137.5K performance shares

Rhea-AI Filing Summary

Brazier Mark Christopher reported acquisition or exercise transactions in this Form 4 filing.

Forward Industries, Inc. reported that Chief Financial Officer Mark Christopher Brazier received a grant of 137,500 shares of common stock on August 8, 2026. The shares were issued upon satisfaction of a performance milestone under his equity award grant. Following this award, Brazier directly holds 412,500 shares of common stock, including restricted stock units that were previously reported and remain subject to vesting.

Insider Trade Summary

Net Buyer: 137,500 shares

Net Buy 1 txn

Insider Brazier Mark Christopher

Role Chief Financial Officer

Type	Security	Shares	Price	Value
Grant/Award	Common Stock F1, F2	137,500	--	--

Holdings After Transaction: Common Stock — 412,500 shares (Direct)

Footnotes (2)

1. F1. The shares of common stock reported herein were issued to the Reporting Person upon the satisfaction of a performance milestone under the Reporting Person's equity award grant.
2. F2. Includes restricted stock units which were previously reported and remain subject to vesting.

Key Figures

Shares granted: 137,500 shares of common stock Total shares held after transaction: 412,500 shares of common stock Transactions acquiring shares: 1 transaction

3 metrics

Shares granted 137,500 shares of common stock Grant, award, or other acquisition reported on August 8, 2026

Total shares held after transaction 412,500 shares of common stock Direct holdings following the reported grant, including RSUs subject to vesting

Transactions acquiring shares 1 transaction Single grant/award acquisition reported for the period

Key Terms

equity award grant, performance milestone, restricted stock units

3 terms

equity award grant financial

"under the Reporting Person's equity award grant"

performance milestone financial

"upon the satisfaction of a performance milestone under"

restricted stock units financial

"Includes restricted stock units which were previously reported"

Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.

FAQ

What transaction did FWDI’s CFO report in this Form 4?

FWDI’s Chief Financial Officer reported a grant of 137,500 shares of common stock. These shares were issued after he satisfied a performance milestone under a pre-existing equity award grant.

How many FWDI shares does the CFO hold after this transaction?

After the reported grant, the CFO holds 412,500 shares of common stock directly. This total includes restricted stock units that were previously reported and are still subject to vesting conditions.

Was the FWDI CFO’s Form 4 transaction a market purchase or sale?

The Form 4 reports a grant or award acquisition, not a market purchase or sale. Shares were issued upon achievement of a performance milestone in an existing equity award, with no reported per-share transaction price.

What triggered the 137,500 FWDI share issuance to the CFO?

The 137,500 FWDI shares were issued when a specified performance milestone under the CFO’s equity award grant was satisfied. This reflects compensation tied to performance criteria rather than open-market trading.

Are all of the FWDI CFO’s reported shares fully vested?

No. The total 412,500 shares includes restricted stock units that remain subject to vesting. These RSUs were previously reported and will only fully vest upon meeting specified vesting conditions.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Form 4 Insider Transactions: What Each Field Means →

Available on EDGAR 08/17/2026 - 05:47 PM Accepted by SEC EDGAR 08/17/2026 - 05:47 PM Learn about SEC filing dates

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Brazier Mark Christopher

(Last) (First) (Middle)

111 CONGRESS AVENUE

SUITE 500

(Street)

AUSTIN TEXAS 78701

(City) (State) (Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
Forward Industries, Inc. [ FWDI ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	Chief Financial Officer

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
08/08/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock	08/08/2026		A		137,500	A	(1)	412,500(2)	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. The shares of common stock reported herein were issued to the Reporting Person upon the satisfaction of a performance milestone under the Reporting Person's equity award grant.

2. Includes restricted stock units which were previously reported and remain subject to vesting.

	/s/ Mark Brazier	08/17/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)